Good luck attracting foreign investment or convincing anyone to buy U.S. T-Bills over the next 3 years. This is why investors steer clear of Chinese bonds & currency, no one trusts a country that’s always fudging the numbers. We're barreling toward a combo of high inflation & high unemployment.
This is my thoughts exactly. Who would invest in America thinking the numbers are likely skewed? Hint - No one
This is just the beginning of the danger. So many of the decisions that affect the flow of trillions of dollars through the economy depend on accurate numbers. BLS was just one source of those numbers. But it was one of the most trusted. Not anymore.